2. Why isn’t money consider a capital in economics? Capital is a physical asset‚ which can be used to produce goods and services. Money is related to capital‚ in that it can be used to purchase capital‚ but it is not itself capital. The distinction is important if you consider that money can be created or destroyed through the expansion or contraction of credit‚ but this does not create or destroy any real capital. Money is capital. Money is the most common form of capital. Raising capital money
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resources financially ‚ we as consumers are now faced with the choice of what to purchase and how much to purchase so that we may satisfy our appetite whilst still remaining well within our allocated budget. This scenario is basically the concept of economics’ placed into practice in one’s everyday life. To the average consumer purchasing products or goods that are relatively close to the product’s expiration date may seem risky‚ hazardous‚ life threatening to one’s health or to the more skeptical individual
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MC equals MR‚ the profit is maximized. From the above table‚ when output level is 140 minutes‚ marginal revenue equals marginal cost ($10000=$10000)‚ so the profit-maximizing level of output is 140 minutes. (d) When the industry exists positive economic profit‚ it will attract new firms to enter into the industry. However‚ no more licenses will be offered by government‚ so no any new firm entering the industry. (e)(i) Collusion is a formal or tacit agreement to limit competition by setting output
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2.0 Factors that Cause Poverty It has many factors that cause to poverty for a country. This happens because on this world‚ it has too many people but just has few jobs and lack of foods for all people to survive. Some of the causes that cause to poverty are overpopulation‚ education‚ wars‚ corruption‚ and lack of resources‚ politics‚ and natural disaster and so on. 2.1 Overpopulation First of all‚ the factor that has cause to poverty is overpopulation. For example‚ Vietnam is one of the countries
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Skills for study 1 PM501-2T (Group B) Essay Discuss the problems international students may face when studying in the UK. Suggest possible solutions to these problems. T2257852 Tutor: Bates‚ Julian 2nd March 2012 Word count: 839 Nowadays‚ a large number of international students study abroad in well-developed countries such as the UK and the USA in order to achieve their desired degree level. The number of international students who study abroad has been
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Case 5.3 The North Face‚ Inc 1 Auditors should not insist that their clients accept all proposed audit adjustments even those that have an “immaterial” effect on the given set of financial statements. Because “immaterial” effect on the financial statements will not affect the users’ decisions. Therefore‚ auditors have to confirm if the effects on the financial statements are really “immaterial”. If there are really “immaterial”‚ sometimes the auditor would be forced by the clients to ignore it
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President Thomas Jefferson and the two captains knew there would be thousands of difficulties in the journeys‚ so they prepared very carefully for it. Thirty volunteers participated in training at camp Dubois where were near present-day Illinois‚ while their captain‚ Lewis leant about medicinal cures under Benjamin Rush. Finally‚ at four p.m. on May 14‚ 1804‚ the corps of discovery departed from camp Dubois. At the end of the first year‚ except the death of sergeant Charles Floyd on August 20‚the
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Amber Love 9-9-2013 Economics Money and Banking Assignment 1. During the early Roman era‚ the merchants of Rome frequently traveled beyond the empire’s borders to trade with other peoples. Summarize the trading difficulties that probably arose in the barter economies they encountered. • During raids as they were trading with other peoples‚ goods were often stolen and people were killed. The leaders of other empires would attack the merchants of Rome. 2. During World War II
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vulnerabilities particularly in the housing and credit markets. Role of monetary policy in the build up of the asset price buble. (University of York) Leaning against the wind‚ but how? Monetary policy versus September 2012 measures 19 macro-prudential 3 / 28 Main motivation cont. It is now recognized that price stability is not su¢ cient for …nancial stability. Potential costs of …nancial crises (as documented by Reinhart and Rogo¤‚ 2009) point to the importance of preserving …nancial stability
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What is social movement and its different faces Different type s of social movements are peasant movement‚ tribal movement‚ dalit movement‚ women’s movement. Tribal movements were basically directed to preserve the tribal identity. Tribal people over the years where in danger due to intrusion of external people affecting the social‚ political and geo-economical position of the tribes. There were about seventy tribal movements from 1778 to 1947. Some of the major tribal movements were Jharkhand
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